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The unbanked in general get screwed. Nonetheless, this isn't a job for a startup. If you care about the unbanked, support postal banking -- they have the offi
by x0x0 12y ago
The unbanked in general get screwed. Nonetheless, this isn't a job for a startup. If you care about the unbanked, support postal banking -- they have the offices and the staff, and are in a position to offer dirt cheap basic financial services. This is also commonly done in other countries.
The usual suspects (republicans) are of course against it because it cuts into the most lucrative customers for banks: people they can charge tons of fees.
http://money.usnews.com/money/personal-finance/articles/2014/08/13/what-happens-if-the-post-office-is-your-bank http://money.usnews.com/money/personal-finance/articles/2014...
- beatpanda 12y agoI feel like problems with known solutions that are blocked by political intransigence are perfect for startups.
- x0x0 12y agostartups are designed to make money the last thing these people need is another person looking to take a cut out of them; half the point of the postal service doing it is to provide services at cost